When the state of South Carolina wanted to widen the Glenns Bay Road, they risked upsetting a critical wetland habitat. Here’s how mitigation banking made it possible for them to build the road and expand urban green space with a net plus to the environment – and no cost to local taxpayers.
2 October 2013 | A large gap in Lewis Ocean Bay Heritage Preserve on the outskirts of Myrtle Beach has been filled with the long-desired acquisition of a piece of old Horry County family land known as the Vaught Tract.
The 754-acre addition brings the preserve, which holds 23 of the mysterious wetlands known as Carolina Bays, to 10,444 acres.
The addition is being hailed as a precedent in the way it was acquired. The new parcel was donated as a wetlands mitigation bank, meaning credits can be bought from it by private owners, businesses or government agencies to compensate for wetlands they must destroy when they build something.